Chinese courts vow crackdown on economic crimes, emphasize market order
2 months, 2 weeks ago

Chinese courts vow crackdown on economic crimes, emphasize market order

China Daily  

Chinese courts pledged to intensify efforts to uphold market order through the rule of law, targeting activities that disrupt the socialist economy, as cases of economic crimes surged. The Supreme People's Court reported a sharp rise in economic crimes in 2024, with bid-rigging cases jumping 56.6 percent compared to the previous year. "The trends in these cases demand our utmost attention," Zhang Jun, president of the Supreme People's Court, said during a national conference of chief judges on Monday. "While we must address the tangible financial damages caused by these illegal activities, it is even more critical to focus on their social harm and impact on market order."

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China strengthens efforts against securities-related crimes
1 month, 1 week ago

China strengthens efforts against securities-related crimes

China Daily  

China has seen a significant rise in the prosecution of securities-related crimes in the past three years, demonstrating its strengthened efforts to ensure the high-quality development of the capital market, according to the country's top procuratorate. The Supreme People's Procuratorate released data on Friday showing that from 2022 to 2024 a total of 1,011 people were prosecuted for crimes involving …

Courts to intensify efforts in fight against economic crimes
2 months ago

Courts to intensify efforts in fight against economic crimes

China Daily  

Move comes in the wake of sharp rise in financial offenses last year China's courts pledged to intensify efforts to uphold market order through the rule of law, targeting activities that disrupt the socialist economy as economic crimes surge. The Supreme People's Court reported a sharp rise in economic crimes last year, with bid-rigging cases jumping 56.6 percent compared to …

Chinese courts vow crackdown on economic crimes, emphasize market order
2 months, 2 weeks ago

Chinese courts vow crackdown on economic crimes, emphasize market order

China Daily  

Chinese courts pledged to intensify efforts to uphold market order through the rule of law, targeting activities that disrupt the socialist economy, as cases of economic crimes surged. The Supreme People's Court reported a sharp rise in economic crimes in 2024, with bid-rigging cases jumping 56.6 percent compared to the previous year. "The trends in these cases demand our utmost …

China official stresses crackdown on economic crimes
8 years, 7 months ago

China official stresses crackdown on economic crimes

China Daily  

A senior official of the Communist Party of China has urged police to keep a firm hand on economic crimes, with a focus on supervision and risk prevention. Meng cited contract fraud, counterfeiting and copyright infringement as frequent economic crimes that police should firmly focus on, in addition to key areas such as corruption and bribery. Official figures released by …

Rule of law crucial to development of market economy
10 years, 5 months ago

Rule of law crucial to development of market economy

China Daily  

BEIJING -- China's new blueprint to advance the rule of law is crucial to the development of a market economy and is set to have a far-reaching impact on China's economic growth, analysts and financial institutions have said. The ongoing reforms and the anti-corruption drive, which will eventually enable the market to play a "decisive" role in resource allocation, should …

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